1004 GMT - OUE Real Estate Investment Trust's commercial portfolio is likely to continue to see robust leasing momentum, say DBS Group Research's Tabitha Foo and Derek Tan in a note. They expect mid-single-digit increases in rents renewed over the next two years, as Grade A office supply in Singapore's core central business district is set to stay constrained. Meanwhile, the Singapore REIT's hospitality performance has likely bottomed. They project low-single-digit improvement in the REIT's revenue per available room in 2026. The analysts lift their 2025 and 2026 distribution per unit forecasts by 2% and 7%, respectively. DBS raises its target price to S$0.40 from S$0.35 and maintains its buy rating on OUE REIT, which ended flat at S$0.345. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
October 27, 2025 06:04 ET (10:04 GMT)
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